Core Insights - The number of digital subscriptions for AS Ekspress Grupp increased by 10% year-over-year, totaling 244,884 by the end of June [1][2] - The growth in digital subscriptions in Latvia and Lithuania was particularly strong, with increases of 23% and 11% respectively [3] - The company aims to reach a long-term goal of 340,000 digital subscribers in the Baltic States by the end of 2026 [5][8] Digital Subscription Performance - AS Delfi Meedia's digital subscriptions rose by 12% year-over-year, reaching 119,811 [7] - AS Õhtuleht Kirjastus saw a decrease of 10% year-over-year in digital subscriptions, totaling 24,460, although it experienced a 2% increase in the last quarter [4][7] - Geenius Meedia OÜ's digital subscriptions decreased by 1% year-over-year, totaling 7,388 [7] - In Latvia, Delfi A/S's digital subscriptions increased by 23% year-over-year, totaling 33,840 [7] - In Lithuania, Delfi's digital subscriptions increased by 11%, totaling 47,758, while Lrytas UAB's subscriptions increased by 13%, totaling 11,627 [7] Market Outlook - The Baltic digital subscriptions market has significant growth potential, especially in Latvia and Lithuania [5] - The company is focused on increasing digital subscribers across all markets, indicating a positive growth trend [4][5]

Company Overview - MarketWise, Inc. is a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors [4] - The company has over 25 years of operating history and serves millions of free and paid subscribers [5] - MarketWise operates as a 100% digital, direct-to-customer company, offering its research across various platforms including mobile, desktops, and tablets [5] Upcoming Events - The Chief Financial Officer, Erik Mickels, will host virtual meetings at the UBS SMID-Cap Multisector Virtual Conference on June 24, 2025 [1] - The inaugural UBS SMID-Cap Multisector Virtual Conference aims to showcase small and mid-cap companies and connect them with diverse investors across multiple US regions [3]

Core Insights - The total number of digital subscriptions for AS Ekspress Grupp increased by 12% year-over-year, reaching 236,272 by the end of March [1][2][5] Digital Subscription Growth - The most significant year-on-year growth in digital subscriptions was observed in Latvia (30%) and Lithuania (17%), while Estonia experienced a slight decline in the first quarter due to the expiration of some business contracts [3][6] - The company aims to expand its digital subscriber base, particularly in Latvia and Lithuania, with a long-term goal of reaching 340,000 subscribers in the Baltic countries by the end of 2026 [4][5] Detailed Subscription Overview - As of March 31, 2025, the digital subscriptions for various segments are as follows: - Delfi Meedia AS: 112,751 subscriptions (10% increase year-over-year) - AS Õhtuleht Kirjastus: 24,009 subscriptions (9% decrease year-over-year) - Geenius Meedia OÜ: 7,219 subscriptions (5% decrease year-over-year) - Delfi AS (Latvia): 32,918 subscriptions (30% increase year-over-year) - Delfi UAB (Lithuania): 47,341 subscriptions (17% increase year-over-year) - Lrytas UAB (Lithuania): 12,034 subscriptions (38% increase year-over-year) [4][6] Revenue Insights - Digital subscription revenue is becoming a larger portion of Ekspress Grupp's overall digital revenue, aligning with the company's long-term goals established in early 2022 [5]

Financial Data and Key Metrics Changes - For Q4 2024, Dallas News Corporation reported a net income of $4 million or $0.74 per share, compared to a net loss of $2.2 million in Q4 2023 [6] - The total revenue for Q4 2024 was $31.1 million, down from $34 million in Q4 2023, marking a decline in advertising and marketing services revenue by $1.3 million [6][7] - For the full year 2024, the company reported a net income of $131,000 or $0.02 per share, compared to a net loss of $7.1 million in 2023 [8] - Total revenue for the year was $125.4 million, down from $139.7 million in 2023, reflecting a decline of $14.3 million [8][9] Business Line Data and Key Metrics Changes - Advertising and marketing services revenue decreased by $11.1 million or 18.9% year-over-year, with print advertising revenue declining by $10.7 million due to discontinued product lines [9] - Circulation revenue decreased by $500,000, driven by a decline in print circulation, although digital-only circulation revenue increased [9][10] - Total adjusted operating expenses for Q4 2024 were $32.4 million, an improvement of $1 million compared to the same period last year [7] Market Data and Key Metrics Changes - The average newsprint industry cost per metric ton decreased to $637 from $687 in 2023, a reduction of 7.3% [11] - As of December 31, 2024, the company had 64,334 digital-only subscribers, an increase of 1,334 or 2.1% compared to the previous year [9] Company Strategy and Development Direction - The company has transitioned its print operations to a smaller, more efficient facility, generating over $5 million in annualized expense savings starting in 2025 [15] - The sale of the Plano property for $43.5 million has strengthened the balance sheet and allowed the company to fully fund its pension plan [15][16] - The focus for 2025 includes enhancing digital products, growing digital subscriptions, and maintaining high-quality journalism [24] Management's Comments on Operating Environment and Future Outlook - Management noted that print advertising revenue has shown volatility, particularly in classified revenue, but expressed optimism for recovery in early 2025 [30] - The company is implementing new AI technology for its paywall to improve digital subscription growth, although initial results may be affected by market conditions [36] - Management emphasized the importance of stabilizing the digital audience before expanding the digital product portfolio [19] Other Important Information - The company recorded a non-cash tax benefit of $5 million due to a reduction in the valuation allowance, which is expected to offset gains from the sale of the Plano property [8][12] - As of March 17, 2025, cash and short-term investments were reported at $47 million [12] Q&A Session Summary Question: What led to the substantial decrease in print advertising? - Management indicated that print advertising is volatile, with less than 10% on annual contracts, and noted a significant drop in classified revenue in Q4 2024 [28][30] Question: Can you provide total operating expenses related to the Plano separation plan? - Management stated that detailed expenses would be clearer in the first quarter of 2025, with substantial savings expected from the transition [31][34] Question: What are the expected after-tax proceeds from the asset sale? - The expected net proceeds from the sale of the Plano property are approximately $39 million after taxes and sales costs [41][62] Question: What will be the capital expenditure requirements going forward? - Management indicated that capital expenditures would be minimal after the first quarter, estimating around $250,000 to $500,000 per quarter [45][59] Question: Are digital margins improving? - Management confirmed that digital margins are strong and improving, particularly with the addition of video content, which commands higher advertising rates [68][70]